The four impact areas are:
- Business ethics – business practices (e.g. business conduct, bribery and corruption)
- Environment – impacts associated with operations, products, manufacturing, distribution, and packaging (e.g. use of natural resources, emissions, climate change, ecosystem and biodiversity)
- Society – impacts from operations and products on societies and communities where a company is present (e.g. community relations, human rights, product safety, market place practices)
- Employment – impacts associated with the recruitment, protection and management of labour (e.g. diversity, working conditions, recruitment and retention, strategic positioning)
A corporate responsibility assessment answers the question: "Is the company controlling and managing its major risks in a way that maximises its value and addresses reasonable stakeholder concerns?"
Identifying potential risks
Your company’s specific risks are identified and assessed for their potentially material impact on drivers of business value, including risks to brand, reputation, skills access, and competitive advantage, as well as risks of regulatory interference and legal action.
Our assessment evaluates how your company is managing each risk, from development and implementation of policies to validation of management systems and quality of performance, disclosure, and stakeholder dialogue.
Knowing your own risks gives you the possibility to easily evaluate different scenarios.
Read on for more information about the assessment process.